Required Notice of Sale. In exercising its rights, powers and remedies as secured party, Administrative Agent, on behalf of the Holders of the Obligations, agrees to give Borrowers 10 days’ notice of the time and place of any public sale of Collateral or of the time after which any private sale of Collateral may take place, unless the Collateral is perishable or threatens to decline speedily in value or is of a type customarily sold on a recognized market. Borrowers agree that such period and notice is commercially reasonable under the circumstances.
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Samples: Credit Agreement (Famous Daves of America Inc), Credit Agreement (Famous Daves of America Inc)
Required Notice of Sale. In exercising its rights, powers and remedies as secured party, the Administrative Agent, on behalf of the Holders of the ObligationsSecured Parties, agrees to give the Borrowers 10 ten (10) days’ ' notice of the time and place of any public sale of Collateral or of the time after which any private sale of Collateral may take place, unless the Collateral is perishable or threatens to decline speedily in value or is of a type customarily sold on a recognized market. Borrowers agree Each Loan Party agrees that such period and notice is commercially reasonable under the circumstances.
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Required Notice of Sale. In exercising its rights, powers and remedies as secured party, Administrative Agent, on behalf of the Holders of the Obligations, Lender agrees to give Borrowers 10 Borrower at least ten (10) days’ ' notice of the time and place of any public sale of Collateral or of the time after which any private sale of Collateral may take place, unless the Collateral is perishable or threatens to decline speedily in value or is of a type customarily sold on a recognized market. Borrowers agree Borrower agrees that such period and notice is commercially reasonable under the circumstances.
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Samples: Loan Agreement (Noble Romans Inc)
Required Notice of Sale. In exercising its rights, powers and remedies as secured party, Administrative Agent, on behalf of the Holders of the ObligationsLenders, agrees to give Borrowers 10 days’ notice of the time and place of any public sale of Collateral or of the time after which any private sale of Collateral may take place, unless the Collateral is perishable or threatens to decline speedily in value or is of a type customarily sold on a recognized market. Borrowers agree that such period and notice is commercially reasonable under the circumstances.
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